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VasilyTrader
Dec 8, 2022 7:52 AM

Dollar Index (DXY): Waiting For Breakout 💵 Short

U.S. Dollar Currency IndexTVC

Description



Dollar Index is coiling around a solid horizontal supply area on 4H.
The price formed a head and shoulders pattern, testing that.

The next bearish move will most likely initiate after a breakout of its horizontal neckline.
We need a 4H candle close below 104.87 - 105.05 to confirm the breakout.

Goals will be 104.18 / 103.8

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comments
AnabelSignals
Great chart, bro!
VasilyTrader
Wait for a neckline breakout, that is our trigger
SignalProvider
Definitely short!
Solldy
Interesting work
Michael_Winner
Strong and excellent dxy chart analysis as always
luckyOrange68968
Thanks for posting 🙏🌹
UnitedSignals
Thank you for posting this idea.
JoeChampion
Such an excellent pattern to rely on!
TheNewsCrypto
Thank you for that!
EliteTradingSignals
Thanks for sharing!
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